LIBRARY

Performance Reviews

How to build a performance review process that benefits both the company and employees.

Wave
All
Articles
Interviews
RSVP Webinars
Webinars
eBooks
You're all set!
Expect to hear from us around once per week.

Have a great day 😄
Oops! Something went wrong while submitting the form.

Performance Review Overview

Performance reviews can and should be an important tool for your company because they have the power to impact your bottom line. The performance review has had a lot of bad press lately, but, within a dynamic, transparent, and continuous system of performance management, an annual (or more often) performance review becomes the period at the end of a performance management sentence. While there are definitely negative aspects of performance reviews, the truth is that good performance reviews still provide a lot of value to both employees and their companies.

Performance reviews can and should be an important tool for your company because they have the power to impact your bottom line. Modern companies should take a holistic view of performance reviews as a valuable cornerstone to a good people management system.

A well-run performance review is a give and take. It's about opening up a discussion between an employee and a manager to build a working relationship, where an employee knows that a manager sees and understands their work and wants to help them progress. It can also offer a space for managers themselves to change their behavior after hearing what could better serve employees. When a manager runs — and follows up on — a successful performance review, it sets the groundwork for better relationships and more empowerment and autonomy for your team. And when employees feel like they can speak up, take charge of their own work, come up with new ideas and better their process with the support of their manager, they'll grow and stay with the company, not churn out at a cost to you.